Home Sales in Georgia, US Below Potential Due to Supply, Interest Rates

A recent report indicates that homes sales in Georgia and across the US are nearly 7 percent less than their potential due to higher interest rates and tight home inventory supply issues. With higher home mortgage interest rates, fewer home buyers are able to afford to purchase homes. In addition, fewer homeowners who currently have low mortgage interest rates are willing to put their homes on the market, further affecting the supply of available homes. The current 30 year mortgage rate is at its highest level since 2009.

Ready to puchase or refinance a home loan in metro Atlanta or anywhere else in Georgia?  Contact Peachtree Mortgage Services, Inc. at 770.481.0052.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.